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Brazil hedge-fund manager who called real rally sees more gains

OPTIMISTIC: Despite outsize rallies this year across Brazilian financial markets, hedge fund manager Luiz Fernando Figueiredo argues that there are more profits to be made.

PHOTO: REUTERS

Sao Paulo

IN the depths of Brazil's world worst market sell-off last year, hedge fund manager Luiz Fernando Figueiredo made a bold call. All the fretting about a dangerous financial crisis was way overblown, he said, and markets were ready to rebound.